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the island so a french euro be able to purchase goods and services in germany but a cypriot euro will not seem to them that a superior era is unambiguous li worth less than a french euro well we already know that. all the euros and their own are printed with serial numbers corresponding to various countries and germans only do business in euro's printed in germany per the serial number on those german is already a two tier you're all right now germans don't deal in them stink and cypriot ticket down in a french uro's nothing to do with them they only deal in german euro and cyprus is not leaving the euro zone because germany doesn't want to have cyprus leave the eurozone because it's the extent that they have these convoys on the periphery that are screwing up it keeps the euro relatively cheap helps our export market and they get to run the entire eurozone this is the fourth reich germany four point zero us two and a half years ago i warned you about it people said you can't say that the fourth reich the cafe that well i did and it's true and i didn't believe me and you're stuck in a
the island so a french euro be able to purchase goods and services in germany but a cypriot euro will not seem to them that a superior era is unambiguous li worth less than a french euro well we already know that. all the euros and their own are printed with serial numbers corresponding to various countries and germans only do business in euro's printed in germany per the serial number on those german is already a two tier you're all right now germans don't deal in them stink and cypriot ticket...
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nothing to do with them they only deal in german euro and cyprus is not leaving the euro zone because germany doesn't want to have cyprus leave the eurozone because it's the extent that they have these commies on the periphery that are screwing up it keeps the euro relatively cheap helps our export market and they get to run the entire eurozone this is the fourth reich germany four point zero us two and a half years ago i warned you about it people said you can't say that the fourth reich the cafe that well i did and it's true and i didn't believe me and you're stuck in a cypriot bank account having it confiscated tough tough nut cases on your body you go watch the show and pay attention pay for it going to pension i stay here with thanks be on the guys report thank you thank you for the second half of me speaking with mitch fire stein of plan a ponzi dot com. joins thousands of gadget guru squawk into the mobile world congress in barcelona for research and handset makers try to get their groove back. and software super chargers hope to spin preview success forward russia's yandex tur
nothing to do with them they only deal in german euro and cyprus is not leaving the euro zone because germany doesn't want to have cyprus leave the eurozone because it's the extent that they have these commies on the periphery that are screwing up it keeps the euro relatively cheap helps our export market and they get to run the entire eurozone this is the fourth reich germany four point zero us two and a half years ago i warned you about it people said you can't say that the fourth reich the...
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and not in the euro. and yes but i don't there's a european i'm going to be right and wouldn't be good because big real has called for go ahead nicholas go ahead david is right in this because big grillo has called for reexamining all the treaties ok david go ahead jump in this is a revolution throw your can to eight hundred forty eight where all the countries the people are revolting against the establishment and all those various countries from spain to greece to italy i also the u.k. and u.k. you have two political parties you have the liberals or conservatives and the labor party which is the establishment party and then those you can't which is the opposition and we are trying to change this country the way it's run people are sick and tired of the establishment which have back to the european union and got us into the mess we're in dillon go ahead you want a reply that. sure i mean the thing i would say to david is that his his anti brussels' sort of movement is very. diffuse and not in agreement on
and not in the euro. and yes but i don't there's a european i'm going to be right and wouldn't be good because big real has called for go ahead nicholas go ahead david is right in this because big grillo has called for reexamining all the treaties ok david go ahead jump in this is a revolution throw your can to eight hundred forty eight where all the countries the people are revolting against the establishment and all those various countries from spain to greece to italy i also the u.k. and...
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or twenty million euros. where they would cover it they said in this insurance deposit scheme in ireland now we're learning that they can even deposit cover a deposit of a thousand euros no that's not the deposit insurance schemes at these banks in various countries are not worth the guarantees anymore because the bank stirs voracious appetite for more cash to cover the gambling debts as now got to the point where they need to go in and just steal your deposits and are not respecting the law in terms of giving people protection on minimum deposit guarantees you're absolutely correct we saw with m.f. global and j.p. morgan we're seeing it in cyprus and we're going to seeing pension accounts next if you have an ira or some kind of pension account in the u.k. or america or anywhere around the world those pension accounts will be stolen plundered as well that will be the next that the next phase so today doesn't look like they're going to take anybody under one hundred thousand euros which is the insured amount b
or twenty million euros. where they would cover it they said in this insurance deposit scheme in ireland now we're learning that they can even deposit cover a deposit of a thousand euros no that's not the deposit insurance schemes at these banks in various countries are not worth the guarantees anymore because the bank stirs voracious appetite for more cash to cover the gambling debts as now got to the point where they need to go in and just steal your deposits and are not respecting the law in...
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and not in the euro. and yes but i don't there's a european i'm going to be the right one for them to be good because big big griddle has called for go ahead nicholas go ahead david is right on this because big grillo has called for reexamining all to treaties ok david go ahead jump in this is a revolution throw your can to eight hundred forty eight where all the countries the people are revolting against the establishment and all those various countries from spain to greece to italy i also the u.k. and u.k. you have two political parties you have the liberals or conservatives the labor party which is the establishment party and then those you can't which is the opposition and we are trying to change this country the way it's run people are sick and tired of the establishment which have back to the european union and got us into the mess we're in dillon go ahead you want to reply that. sure i mean the thing i would say to david is that his his anti brussels' sort of movement is very. diffuse and not in ag
and not in the euro. and yes but i don't there's a european i'm going to be the right one for them to be good because big big griddle has called for go ahead nicholas go ahead david is right on this because big grillo has called for reexamining all to treaties ok david go ahead jump in this is a revolution throw your can to eight hundred forty eight where all the countries the people are revolting against the establishment and all those various countries from spain to greece to italy i also the...
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from cyprus doubled the regular traffic about two hundred million euro a day doubles the euro group have really managed a debacle they've got a lot of egg on their face that's for sure. at the same time we see that a lot of the euro group talking heads are are using the term casino economy that's right to try to legitimize what it is that they're doing in cyprus. big to the point to work making the e.c. be vetted cyprus for euro zone membership in two thousand and eight right and gave it a go ahead into that thousand and eleven they perform a stress test on the bank of cyprus and like a bank and said things were ok to turn around now and say that there's been a form of casino capitalism been going on there i think it's most of desperation or to get more analysis on the separate issue is one of the latest updates to our website r.t. dot com. the mystery behind the death of bodies but as of ski could become clearer within hours following an autopsy the body of the self exiled tycoon in kremlin opponent was found in his bath at the weekend has been suggestions the former billionaire took hi
from cyprus doubled the regular traffic about two hundred million euro a day doubles the euro group have really managed a debacle they've got a lot of egg on their face that's for sure. at the same time we see that a lot of the euro group talking heads are are using the term casino economy that's right to try to legitimize what it is that they're doing in cyprus. big to the point to work making the e.c. be vetted cyprus for euro zone membership in two thousand and eight right and gave it a go...
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. >> we save up to 100 euros every month. the house is very warm, and it does not cost, so i do not know what reason would force me to change the way we use now. i do not know. >> this environmental researcher knows one good reason why would stoves are not such a good idea -- particulate matter emissions. his measurement data from high above the capital shows a particular matter concentration reminiscent of the smog-stricken times of the 1970's. >> the measurements exceed the limits of the european union for their health. from that point of view, some of the northern parts of athens have a problem with the particulates, with the smog. >> health experts are sounding the alarm for athens and other greek cities. they are particularly concerned by the fact that furniture and garbage are ending up in people's wood stoves. in the meantime, domestic fuel providers are facing bankruptcy. sales of drop by 80% in two years. additional extraordinary taxes have raised prices to almost 1.35 euros per liter, higher than anywhere else in th
. >> we save up to 100 euros every month. the house is very warm, and it does not cost, so i do not know what reason would force me to change the way we use now. i do not know. >> this environmental researcher knows one good reason why would stoves are not such a good idea -- particulate matter emissions. his measurement data from high above the capital shows a particular matter concentration reminiscent of the smog-stricken times of the 1970's. >> the measurements exceed the...
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could that unravel in the euro group meeting afterwards? >> it could. the euro zone finance ministers do have some leeway, but they are very reluctant to make some kind of a bigger compromise to cyprus. they have said, we won't give any more money. but they also said, we all have a big interest that cyprus does stay in the eurozone. what is sure is that we are looking at a very long night indeed, and there will be a lot of number crunching. >> we will be with you throughout that long night. thanks very much. is a weekend of chaos in the central african republic. rebel forces have seized control of the capital bangui, prompting the president to flee. his current whereabouts are unknown. this up evil comes after a peace deal signed in january -- up evil -- upheaval comes after a peace deal signed in january. amid the chaos and confusion, people gathered up their belongings and try to flee the fighting. there was anger at the insurgents. this crowd beat a suspected rebel. in the capital, eyewitnesses said the rebels control strategic locations. foreign for
could that unravel in the euro group meeting afterwards? >> it could. the euro zone finance ministers do have some leeway, but they are very reluctant to make some kind of a bigger compromise to cyprus. they have said, we won't give any more money. but they also said, we all have a big interest that cyprus does stay in the eurozone. what is sure is that we are looking at a very long night indeed, and there will be a lot of number crunching. >> we will be with you throughout that...
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100,000 euro but as long as cyprus still comes up with the 5.8 billion euros that they have to do. so that's what the struggle that's going on right now, is where else do you find the money? they have found perhaps as much as 400 million within the senior debt holders. >> michelle, thank you so much for your reporting. michelle caruso-cabrera there. what's your trade here? it's interesting because we saut euro initially hit three-month lows on this news. and then pretty much bounce. >> and then it bounced right back. this is what's going on. but what michelle said, it's $400 million. it's nothing. it's why they didn't do it in the first place. i guess the good thing is they're sort of going back to the rule of law. but it's $400 million. >> honoring the insurance. the deposit insurance. >> the absurdity of the fact that they've come out now and said that the deposits less than 100,000 euros won't be hurt is crazy. it tells you this was a decision that was either made in a vacuum or was an emotional decision to go after russia and we're going to talk about that. this is the kind of
100,000 euro but as long as cyprus still comes up with the 5.8 billion euros that they have to do. so that's what the struggle that's going on right now, is where else do you find the money? they have found perhaps as much as 400 million within the senior debt holders. >> michelle, thank you so much for your reporting. michelle caruso-cabrera there. what's your trade here? it's interesting because we saut euro initially hit three-month lows on this news. and then pretty much bounce....
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five times the size in euro terms of cypriot gdp. i think that says it all of what the cyprion government are dealing with here. >> it sounds like part of the reason why everybody has been asking this question. why are small depositors being targeted? it sounds like it's partly so cyprus can balance its interest with russia. you could have raised the 6 billion targeted amount levy. do you think there's any chance at this point the government will accept or push for double digit losses on those with a higher denominated account? >> i think there's certainly a chance of that happening. of course, at this point, there is talk that those with deposits in excess of half a million euros will be taxed around 15%. and we know that these are primarily russians and ukrainians, wealthy russians and ukrainians who deposited much 06 their wealth here in cypress because of lax banking laws and there's been widespread allegations that these russians and ukrainians have used these accounts to launder some of their money and that is exactly why germa
five times the size in euro terms of cypriot gdp. i think that says it all of what the cyprion government are dealing with here. >> it sounds like part of the reason why everybody has been asking this question. why are small depositors being targeted? it sounds like it's partly so cyprus can balance its interest with russia. you could have raised the 6 billion targeted amount levy. do you think there's any chance at this point the government will accept or push for double digit losses on...
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the russians in particular, they have, what, 31 billion euros of the 75 bll, 80 billion euros held here in deposits in this island. 40% of that is now wiped out for a lot of these russians. they're going to think very carefully about where they put their money in the future. >> ok. tim wilcox for us. thank you. so what are the wider implications of this deal? steve forbes is the chairman and editor of chief of forbes media, he joined me from new york. i understand that if you're an investor in spain or italy, you're watching nervously what's happening in cyprus. but if you're a businessman in america or asia, do you really need to care? >> i think so. because we are in a global economy. and what was done to cyprus has been an absolute disaster because any time a country now fears that they might have a financial crisis, first thing people are going to do is start a run on the bank. they're not going to take any chances. and so the germans and the e.u. boesched this thing. the i.m.f., it was done i think for political reasons, the germans did not want to see bailing out russian olegarks
the russians in particular, they have, what, 31 billion euros of the 75 bll, 80 billion euros held here in deposits in this island. 40% of that is now wiped out for a lot of these russians. they're going to think very carefully about where they put their money in the future. >> ok. tim wilcox for us. thank you. so what are the wider implications of this deal? steve forbes is the chairman and editor of chief of forbes media, he joined me from new york. i understand that if you're an...
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at the heart of the deal that cyprus sealed with its international creditors to get that ten billion euro bailout and what will happen to this back essentially is it will be split into pieces and people with deposits of more than one. hundred thousand viewers that are uninsured will have to take a huge here a lost whatever money they have here and many cypriots for the past week have begun to motional rollercoaster wondering what is going to happen to their money to their savings every look at this example one day it was here the next day it is it and they're wondering is the same thing going to happen to their jobs or their savings to everything else they think they have precisely what did you choose and tonio and manager for the country's biggest bank the bank of cyprus has been thinking all through this roller coaster week for the first time in my life for fifty four thirty years. i want to be the last week in especially. if. i was. just to. be more. to stop by. the bank of cyprus according to the deal will function as the good bank and will take all deposits of less than one hundred t
at the heart of the deal that cyprus sealed with its international creditors to get that ten billion euro bailout and what will happen to this back essentially is it will be split into pieces and people with deposits of more than one. hundred thousand viewers that are uninsured will have to take a huge here a lost whatever money they have here and many cypriots for the past week have begun to motional rollercoaster wondering what is going to happen to their money to their savings every look at...
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and not in the euro. and yes but i don't there's a european integration of the right and wouldn't be good because big grillo has called for go ahead nicholas go ahead david is right on this because big grillo has called for reexamining all the treaties ok david go ahead jump in this is a revolution throw europe came to eight hundred forty eight where all the countries the people are revolting against the establishments and all those various countries from spain to greece to italy i also the u.k. and u.k. you have two political parties you have the liberals or conservatives the labor party which is the establishment party and then those you can't which is the opposition and we are trying to change this country the way it's run people are sick and tired of the establishment which have back to the european union and got us into the mess we're in dillon go ahead you want to reply that. sure i mean the thing i would say to david is that his his anti brussels' movement is very. diffuse and not in agreement on a
and not in the euro. and yes but i don't there's a european integration of the right and wouldn't be good because big grillo has called for go ahead nicholas go ahead david is right on this because big grillo has called for reexamining all the treaties ok david go ahead jump in this is a revolution throw europe came to eight hundred forty eight where all the countries the people are revolting against the establishments and all those various countries from spain to greece to italy i also the...
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a week ago the euro group of the i.m.f. in brussels hammered out a bailout plan for the cyprus is the banking sector ten billion euros was the offer on one condition cyprus puts up five point eight billion euros how by imposing a one time levy of up to nine point nine percent on all bank deposits if not the deal will solve a limit as to why some protesters just outside the parliament cypriot politicians voted a resounding no effective say no to the troika down to ten billion euros the island quickly turned to moscow it's believed that in russian businesses and wealthy individuals account for most of the foreign money to invest country but russia said its would not help cyprus out before it makes a deal. in the end cypriot officials made a u. turn and are now bending over backwards trying to seal that original bailout from want to put together a package pleasing enough to the forgotten they've agreed on imposing a twenty percent levy on deposits above one hundred thousand euros in the back of cyprus and four percent for big
a week ago the euro group of the i.m.f. in brussels hammered out a bailout plan for the cyprus is the banking sector ten billion euros was the offer on one condition cyprus puts up five point eight billion euros how by imposing a one time levy of up to nine point nine percent on all bank deposits if not the deal will solve a limit as to why some protesters just outside the parliament cypriot politicians voted a resounding no effective say no to the troika down to ten billion euros the island...
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and not in the euro. and yes but i don't there's a european integration of the right and wouldn't be good because big griddle has called for go ahead nicholas go ahead david is right on this because the grillo has called for reexamining all the treaties ok david go ahead jump in this is a revolution throw europe came to eight hundred forty eight where all the countries the people are revolting against the establishment and all those various countries from spain to greece to italy i also the u.k. and u.k. you have two political parties you have the liberals or conservatives and the labor party which is the establishment party and then those you can't which is the opposition and we are trying to change this country the way it's run people are sick and tired of the establishment which have back to the european union and got us into the mess we're in dillon go ahead you want to reply that. sure i mean the thing i would say to david is that his his anti brussels movement is very. diffuse and not in agreement o
and not in the euro. and yes but i don't there's a european integration of the right and wouldn't be good because big griddle has called for go ahead nicholas go ahead david is right on this because the grillo has called for reexamining all the treaties ok david go ahead jump in this is a revolution throw europe came to eight hundred forty eight where all the countries the people are revolting against the establishment and all those various countries from spain to greece to italy i also the...
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wide f.d.i.c surance for depositors small depositors say about one hundred thousand euro and i think this is what's going to be fast tracked after this event michel you think would be a good idea. because the small might be the problem the problem with insurance agencies like the if not the problem but the issue i see in agencies like that is they work because you never need them because you can say it was no and in fact all savers know that even if one small bone or even a medium sized bank goes bust you know your money is safe because if the i.c. exists and therefore all savers in a country like the states don't rush to the exit. the e.u. issued a directive that they would stand behind all depositors for one hundred for the first hundred thousand euros that type of insurance program works like that you know you don't actually need the money in a pot it works because those obligations are honored if you start then to bridge that on a it doesn't really matter how much money you've got in the pot what's to stop so we have a situation where a another country let's not get into who that
wide f.d.i.c surance for depositors small depositors say about one hundred thousand euro and i think this is what's going to be fast tracked after this event michel you think would be a good idea. because the small might be the problem the problem with insurance agencies like the if not the problem but the issue i see in agencies like that is they work because you never need them because you can say it was no and in fact all savers know that even if one small bone or even a medium sized bank...
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euros in loans which like you receive from the european central bank as emergency funding assistance a detail that angers dimitris. is like they want to. and while this employer you worries about the health of his bank other supports worry about when to leave you open if at all we have no cash we are just a truth behind him waiting to get some tough for her alone. the pool deal me a. banking meltdown the money system that's feeling towards the up is one of frustration but it's about the power of the take we get to the end it was the disaster but i think it was then that it took before we the pounds he said from. january two thousand and eight when we enter you are the only other side who will see upside down so slowly so you were about to these kind of situation so now we have such. a situation to have to wait but. today because it's going to take so long and for now cypriots are forced to wait for banks reopen for cash to start flowing for jobs and life savings to be secured and. does so sylvia are nicosia cyprus the president of cyprus is defending the controversial rescue package
euros in loans which like you receive from the european central bank as emergency funding assistance a detail that angers dimitris. is like they want to. and while this employer you worries about the health of his bank other supports worry about when to leave you open if at all we have no cash we are just a truth behind him waiting to get some tough for her alone. the pool deal me a. banking meltdown the money system that's feeling towards the up is one of frustration but it's about the power...
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to qualify for a 10 billion euro bailout. if nicosia fails, the ecb will cut off funding to the ivan. russia further increase pressure on friday, saying it will not offer financial aid until a final plan that the eu is sealed. >> that has the government in nicosia backed or it was a few days ago. that includes a controversial tax on bank accounts to fund the bailout. >> people in cyprus brave the storm to protest outside parliament ahead of a crucial few hours for the country. inside, lawmakers are voting on a series of measures designed to help the financially stricken nation meet the terms of an international bailout package. few of the plan's details are known, even to eurozone officials in brussels, but an unpopular one of tax on savings could be back on the table, particularly on bank accounts with deposits of at least 100,000 euros. the plan needs to be in place by monday when the european central bank says it will withdraw financial aid for separate -- separate -- cypriot banks. >> a lot of people will definitely lose
to qualify for a 10 billion euro bailout. if nicosia fails, the ecb will cut off funding to the ivan. russia further increase pressure on friday, saying it will not offer financial aid until a final plan that the eu is sealed. >> that has the government in nicosia backed or it was a few days ago. that includes a controversial tax on bank accounts to fund the bailout. >> people in cyprus brave the storm to protest outside parliament ahead of a crucial few hours for the country....
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s now there's one hundred euro limit if the a.t.m.'s are running at all so despite this freeze on capital controls being applied to the other by your group the reports are this morning that capital flight from cyprus doubled the regular traffic about two hundred million euro a day doubles in the in the way they're seizing that money other money is flying out of cyprus i'm sure max keiser of the kaiser report will come because there's some form of financial terrorism but perhaps he would be right in calling it something like that well yeah i think you know the euro group have really managed a debacle they've got a lot of egg on their face that's for sure. at the same time we see that a lot of the e.u. the euro group talking heads or are using the term casino economy that's right try to legitimize what it is that they're doing in cyprus. they get the point to work making the easy be vetted cyprus for euro zone membership in two thousand and eight and gave it a go ahead into that thousand and eleven they perform a stress test on the bank
s now there's one hundred euro limit if the a.t.m.'s are running at all so despite this freeze on capital controls being applied to the other by your group the reports are this morning that capital flight from cyprus doubled the regular traffic about two hundred million euro a day doubles in the in the way they're seizing that money other money is flying out of cyprus i'm sure max keiser of the kaiser report will come because there's some form of financial terrorism but perhaps he would be...
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the euro has been fine and so of. for what concerns the italian political stock, it's still a good question mark. so far, we think we're going to have a government sooner than later. and then we'll see if it's going to work or not. >> you think a government without another election is possible, they can bring together a coalition at the moment without an election? >> well, it really sdpents who they're going to be, the ministers, who are you going to support from outside the government. there are lots of -- three or four different -- >> permutations. >> exactly. we'll see. if not, we have to come back to general elections. >> okay. and how would investors view the prospects of -- >> general elections? >> general elections. >> we're going to drop probably another 70 basis points, we'll go back to 330, 350. >> that's manageable. >> well, it's where -- it's well manageable because we've already seen it. we are not going to come back to 7% or on 8%. >> good to see you. thanks for joining us. >> thank you very much. >> we'
the euro has been fine and so of. for what concerns the italian political stock, it's still a good question mark. so far, we think we're going to have a government sooner than later. and then we'll see if it's going to work or not. >> you think a government without another election is possible, they can bring together a coalition at the moment without an election? >> well, it really sdpents who they're going to be, the ministers, who are you going to support from outside the...
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which will cost its citizens millions of their hard earned euros every bank customer will have their cash taxed if it goes through the plan cause panic over the weekend with people emptying a.t.m. machines fearing their life savings could be plundered correspondent reports on the implications the e.u. finance ministers as the and the international monetary fund had agreed upon a ten billion euro bailout for the country on the condition that this tax a bank deposit tax be imposed now this could amount to up to nine point nine percent of of the those who have a more than one hundred thousand euros in the back and for many people there. it's their entire life savings that they have that are they feel are now in trouble and the panic that has been stirred over the weekend people trying to get money out of the cash machines but electronic transfers have been stopped and the machines have been running out of money and people there are calling this essentially unfair unjust and simply robbery their their savings being taken away from them the president of the country however have has been p
which will cost its citizens millions of their hard earned euros every bank customer will have their cash taxed if it goes through the plan cause panic over the weekend with people emptying a.t.m. machines fearing their life savings could be plundered correspondent reports on the implications the e.u. finance ministers as the and the international monetary fund had agreed upon a ten billion euro bailout for the country on the condition that this tax a bank deposit tax be imposed now this could...
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the euro stoxx finishing up. the dow up by nearly 0.5%, following statements from ben bernanke at the fed. the euro trading higher against the greenback at a value of $ 1.2948. >> investigators in france have raided the home of the imf chief, christine lagarde, in connection with criticism stemming from her time as finance minister under nicholas sarkozy. >> they are probing a decision she made in 2007, which resulted in a 400 million euro payout by the french government to a disgraced tycoon, who was locked in a dispute with a bank. she says the move was the best solution at the time, but investigators allege the affair is riddled with anomalies and say the decision was questionable. she is cooperating fully with the investigation. >> well, just how happy are you, really? and what is happiness? we will be looking at that question after a short break. stay with us. >> thanks so very much for staying with us. >> and welcome back. it has been 10 years since the u.s. invasion of iraq. since the fall of saddam hussei
the euro stoxx finishing up. the dow up by nearly 0.5%, following statements from ben bernanke at the fed. the euro trading higher against the greenback at a value of $ 1.2948. >> investigators in france have raided the home of the imf chief, christine lagarde, in connection with criticism stemming from her time as finance minister under nicholas sarkozy. >> they are probing a decision she made in 2007, which resulted in a 400 million euro payout by the french government to a...
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. >> we save up to 100 euros every month. the house is very warm, and it does not cost, so i do not know what reason would force me to change the way we use now. i do not know. >> this environmental researcher knows one good reason why would stoves are not such a good idea -- particulate matter emissions. his measurement data from high above the capital shows a particular matter concentration reminiscent of the smog-stricken times of the 1970's. >> the measurements exceed the limits of the european union for their health. from that point of view, some of the northern parts of athens have a problem with the particulates, with the smog. >> health experts are sounding the alarm for athens and other greek cities. they are particularly concerned by the fact that furniture and garbage are ending up in people's wood stoves. in the meantime, domestic fuel providers are facing bankruptcy. sales of drop by 80% in two years. additional extraordinary taxes have raised prices to almost 1.35 euros per liter, higher than anywhere else in th
. >> we save up to 100 euros every month. the house is very warm, and it does not cost, so i do not know what reason would force me to change the way we use now. i do not know. >> this environmental researcher knows one good reason why would stoves are not such a good idea -- particulate matter emissions. his measurement data from high above the capital shows a particular matter concentration reminiscent of the smog-stricken times of the 1970's. >> the measurements exceed the...
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a german writer won the 15,000 euro prize. he is alive you to a liver transplant. -- due to a liver transplant. paris is prepared to go it alone. >> there could be one or two countries who want to block this move. -- ise they are reluctant can't speak for any other countries and friends, but friends will accept -- france will accept responsibilities. >> britain indicated it would also consider arming the rebels. made germany's position clear. we have a number of doubts about such weapons deliveries to the opposition. the question has to be asked as to whether that will worsen the .onflict the question of whether to lift the arms embargo will be discussed by european foreign ministers next week. >> euro zone finance ministers have hammered out a bailout deal to cyprus. 10 billion euros will come from its european partners and the imf. euro group resident said a living -- president said a levy on bank deposits will help cover the cost. >> in this program, we found it justified in terms of burden sharing to also involve the depos
a german writer won the 15,000 euro prize. he is alive you to a liver transplant. -- due to a liver transplant. paris is prepared to go it alone. >> there could be one or two countries who want to block this move. -- ise they are reluctant can't speak for any other countries and friends, but friends will accept -- france will accept responsibilities. >> britain indicated it would also consider arming the rebels. made germany's position clear. we have a number of doubts about such...
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this is a top level meeting of euro's top-level. can you fill us in? >> the meeting is occurring here at the invitation at the invitation of angela merkel. there are 15 heads of leading european firms. it is the ceo of ericsson. what is on tehir minds is competitiveness. they are eager to look beyond to innocvation, energy, climate. there are not trying to talk about the cyprus issue alone. there was brief mentions saying that of course bureau stability -- euro stability is crucial. how do we get there to encourage growth and innovation? >> they have been distancing themselves from the planet. what else can you tell us? >> this tax on depositors and small depositors it was somehow the instigation of germany. german politicians have been pushing back on that. we heard two government spokespersons say, not at all. they say, not at all. we have heard a lot of criticism through the day from politicians at all across the spectrum saying a tax on small depositors is very question of land by no means were the german politicians satisfied with that part of it.
this is a top level meeting of euro's top-level. can you fill us in? >> the meeting is occurring here at the invitation at the invitation of angela merkel. there are 15 heads of leading european firms. it is the ceo of ericsson. what is on tehir minds is competitiveness. they are eager to look beyond to innocvation, energy, climate. there are not trying to talk about the cyprus issue alone. there was brief mentions saying that of course bureau stability -- euro stability is crucial. how...
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human being we have to get out of the euro but. how they would pay us and our kids. we don't accept it would be no development with this and nobody would come to try to do. it right there was still reporting there from the cause and some of those reactions from cypriots themselves out there not knowing what's going to happen in the next coming days now as the clock ticks to was the deadline for new calls yields visuals are becoming increasingly wary of support governments reluctance to impose a ban deposit levy. was reportedly outraged by their inability to come up with a plan b. and as artie's news editor i will quote explains michael's harshest stance on the issues may derive from her desire to boost popularity back home. this starts at a russia e.u. summit last year when the euro krotz told russia that cyprus would be their problem to solve cyprus had been racked by the greek economic collapse the russians didn't take kindly to that said it's a euro zone problem and it's not like russians are the only ones availing of time cypriot tax loopholes however russia did
human being we have to get out of the euro but. how they would pay us and our kids. we don't accept it would be no development with this and nobody would come to try to do. it right there was still reporting there from the cause and some of those reactions from cypriots themselves out there not knowing what's going to happen in the next coming days now as the clock ticks to was the deadline for new calls yields visuals are becoming increasingly wary of support governments reluctance to impose a...
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this requirement is not passed then the country will might be forced to get out of the euro of the euro zone area and therefore some people feel that the country has really been put in a position where it has no choice but to accept everything that has be handed down by brussels by e.u. leaders by the meetings that they have here as far as the people are concerned again they really see this as an infringement of what is supposed to be there and this is unprecedented in the sense that this is the first time that a requirement for a bailout is actually actually means dipping into the personal savings of citizens of this is the first time it has happened officials here say that this is not going to be a precedent that is not going to be a trend to whatever already there is doubt among the e.u. citizens to whether or not this line that red line that they thought would never be cross has actually already been crossed and if we look again at what may be the biggest factor in disrupting the very fabric of the european union is this kind of social dissatisfaction this kind of a protest from the
this requirement is not passed then the country will might be forced to get out of the euro of the euro zone area and therefore some people feel that the country has really been put in a position where it has no choice but to accept everything that has be handed down by brussels by e.u. leaders by the meetings that they have here as far as the people are concerned again they really see this as an infringement of what is supposed to be there and this is unprecedented in the sense that this is...
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as one trillion euros so they are prepared now to do anything literally anything to try to keep the euro afloat and that is why they've now resorted as i say to what can only be described as theft and now they've done it in one country they're quite capable of doing it in italy spain portugal or anywhere else but the message that sends to people who've got savings in banks in those countries certainly if i was them is get your money out don't invest in the euro zone do not invest anywhere in the euro zone you've got to be mad to do so because it's now run by people who don't respect democracy they are propping up a euro zone which in the end is going to collapse in disastrous failure of they are prepared to do anything to do so i think that this decision this german dominated and led decision is the worst decision we've seen so far in this whole euro zone crisis. berlin insisting cyprus revamps its banking system and start being a tax haven germany taking the toughest stance on the cyprus rescue deal slamming nico see his decision to create a solidarity fund made up of pensions property
as one trillion euros so they are prepared now to do anything literally anything to try to keep the euro afloat and that is why they've now resorted as i say to what can only be described as theft and now they've done it in one country they're quite capable of doing it in italy spain portugal or anywhere else but the message that sends to people who've got savings in banks in those countries certainly if i was them is get your money out don't invest in the euro zone do not invest anywhere in...